Judge, Rejecting Fraud Charge, Says Rating Agencies Not Underwriters - Surety Bond Forums

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06-01-2010, 11:43 AM

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Judge, Rejecting Fraud Charge, Says Rating Agencies Not Underwriters

A Manhattan federal judge said on Tuesday that it was unfair to hold Moody's Investors Service and Standard & Poor's liable as "underwriters'' on securities offerings needing their ratings, as ...

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